Hiring was largely unchanged, and the number of workers quitting their jobs increased. The data will be watched closely by Federal Reserve policymakers.
Category: Federal Reserve System
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Fed Officials Were Wary About Slow Inflation Progress at June Meeting
Federal Reserve officials are debating how high to raise interest rates to fully wrangle inflation. The debate was in focus at their meeting last month.
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Fed Officials Were Wary About Slow Inflation Progress at June Meeting
Federal Reserve officials are debating how high to raise interest rates to fully wrangle inflation. The debate was in focus at their meeting last month.
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How Inflation and Interest Rates Vary Around the World
Prices are still rising too fast for comfort in many major economies, and policymakers across the globe are trying to wrestle them under control.
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At the Front Lines of the Inflation Fight, Uncertainty Reigns
Central bankers and economists gathered this week and, amid concerns about persistent inflation, wondered about all the things they still don’t know.
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Key Inflation Gauge Cooled in May, Welcome News for Federal Reserve
The Federal Reserve is monitoring “core” price increases for a hint at how inflation will develop. They slowed slightly in May.
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Fed Chair Says He Expects Slower Rate Increases to Continue
After rapid interest rate increases, Federal Reserve officials could move to a steadily slower pace — though they aren’t ready to commit.
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Stress Tests Show Largest Banks Are Sturdy, Fed Says
The Federal Reserve tested banks’ ability to endure a real estate crash, high unemployment and trading turmoil.
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Top Central Bankers Expect More Rate Increases Amid Stubborn Inflation
The heads of the Federal Reserve, European Central Bank and Bank of England said that while inflation was moderating somewhat there was still more work to be done.
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Can Bidenomics Revive Biden’s 2024 Presidential Bid?
The president plans to extol his economic achievements in a big campaign-style speech. But inflation and recession fears could overshadow the message.
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What Is Happening in the Housing Market?
Home construction surged in May and prices have ticked up, even with interest rates at a 15-year high. The resilience has surprised some economists.
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Stock Market Rally on Pause as Investors Take Cue from the Fed
Investors this week appeared more cautious, ending a long streak of market gains that followed the Fed’s pause in interest rate increases.